The AI Spring

The AI Spring After decades of stagnation in research and development of artificial intelligence solutions, machine learning has blossomed again – and its seeds are spreading to financial services. Sofia Lotto Persio reports on how AI is improving the field. In 1997, IBM’s DeepBlue computer programme beat chess master Garry Kasparov in a famous man-versus-machine showdown. Almost 20 years later, in March 2016, Google’s AlphaGo programme beat South Korean champion Lee Sedol at four matches of Go, a strategy game, in what represents another historic breakthrough for artificial intelligence (AI). In the two-decade span between these achievements, AI has progressed tremendously. Go is a much more complex game than chess, as there are more possible positions on the board than there are atoms in the universe. The power required to compute…


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